HSBC profits fall 14% as bank takes hit from Madoff lawsuit provision
UK bank sets aside $1.1bn for legal fight stemming from criminal enterprise that collapsed in 2008
Related reading
HSBC expects $1.1bn hit from Madoff litigation
UK bank sets aside provision for lawsuit stemming from history’s biggest Ponzi scheme
HSBC profits fall on higher credit charges
First-quarter income dips to $9.4bn, missing analyst expectations
HSBC profits hit by $2.1bn charge on Chinese bank stake
Quarterly earnings fall 29% as stake in Bank of Communications is diluted
HSBC pauses $4bn private credit investment
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market
HSBC settles French dividend trade probe for €300mn
Move follows investigation into bank’s handling of trades between 2014 and 2019
HSBC files bankruptcy petitions against senior members of Barclay family
Proceedings come as ailing business empire that owned Telegraph owes large debts